For the first time in decades, U.S. businesses are closing at a faster pace than new ones are being started.
..Some say the trend is deeply disturbing because new businesses provide so much innovation and economic vitality.
"Let's get one thing clear: this economy is never truly coming back unless we reverse the birth and death trends of American businesses," Gallup CEO Jim Clifton recently wrote.
Thomas Edsall, a contributing columnist for the New York Times, cited increasing government regulation of small businesses, corporate consolidations, more occupational licensing requirements and too few skilled immigrants as among the reasons why start-ups are lagging.
The trend in Michigan is similar, with one huge caveat...
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